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InkyGrip
Sep 24, 2021 7:36 AM

USDCAD on a double top 🦐 Short

U.S. Dollar / Canadian DollarFOREX.com

Description

USDCAD on the daily chart creates a double top below a daily resistance.

The price is now trading over a weekly support and according to Plancton's strategy if the market will break below and satisfy the ACADEMY conditions we will set a nice short order.


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Follow the Shrimp 🦐

Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger

Comment

the price is moving to the 50% of the previous bearish candle

Comment

no break yet, we ll wait for a confirmation
Comments
TheSignalyst
meanwhile, I am personally looking for buy setups
InkyGrip
@TheSignalyst, we always check for confirmations first, thanks for sharing your vision buddy 🦐🦐
MMBTtrader
thanks 4 update
InkyGrip
@MMBTtrader, appreciate it 🦐
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